Thirty years ago, on Monday, October 19, 1987, the US Stock market collapsed. Plunging more than 500 points, the Dow Jones Industrial Average finished the day down 23%, its greatest single day... read more
Skype’s record sale, the new round of investments in social media companies and rumors about Facbook’s public offerings recall the high times of the New Economy. In the 90s, a big bubble ended the internet optimism. Could it be different this time around?
The rise of social media has led to the emergence of a few companies that wield enormous influence – and have the potential to reap in the benefits of innovation. The current hype is no bubble but a sign of the importance of the internet industry for the 21st century.